Mortgage Brokerage deals with hundreds of institutional and private lenders with unlimited funds, capable to fund the most difficult requests for people with job, credit, and other issues. Even if you are self employed, new to the country or first time home buyer, we have a solution for you. Rate and products, custom fitted to your needs and circumstances. FREE ADVISE!

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Thursday, 2 August 2012

Is mortgage insurance really that important?

When it comes to the long list of important
things you have to think about when buying a new home, insurance for your
mortgage is likely no where near the top. But an unexpected accident, illness
or death can quickly change all that.

What
if this happened to you?

There’s a common misconception that only
middle-aged or older people need to think about insurance. Unfortunately our
claims files tell some eye-opening stories about:

-a young couple, both killed in a freak accident
when a bridge collapsed;

-a young mother killed by a brain aneurysm,
just months after giving birth to twins;

-another mother killed, trying to protect
her disabled son from being hit by a car.

Sure, once you are older it is generally
true that there are more risks associated with your health. But young people
also tend to have fewer assets than older ones. That means there are no extra
resources to draw on if, all of a sudden, a regular source of income is gone.

Don’t
save now, only to pay a lot more later

Anyone who has purchased a home has
probably been there. You start out by setting a budget, but then you find the
perfect house that is just a little bit beyond. You can’t say “no” to your
dream for only $10,000 or $20,000.

Then, you find out that property taxes are
higher than you expected, and that’s only the beginning. By the time you get to
the point of finalizing your mortgage, you’re more than a little nervous about
the new financial commitment you’re about to take on.

It’s only natural to want to avoid
unnecessary costs at a time like this. But insurance is not “unnecessary”-
especially in a situation where you feel like you’ll be financially stretched.
If you’re going to have to work hard to make ends meet now, what would happen
if one of the family breadwinners were to die or become disabled? How would you
continue to meet the mortgage payments with only one income, or with none?

Your family’s dream home could be that
again- just a dream.

About UsMortgage Protection Plan (the “Plan”) is an
insurance program designed to provide life and disability protection to the
clients of mortgage brokers. The Plan is underwritten by The Manufacturers Life
Insurance Company (the “Insurer”) and administered and managed by Benesure
Canada Inc. and its appointed agents.

Role of Your Mortgage BrokerYour Mortgage Brokers role is to give you
our pre-printed information and to have you completed an application form. If
you require advice or additional information about Mortgage Protection Plan,
please call us.

About Me

I am a long term investor in Real Estate and PrivateMortgages for a double digit return. I am also a mortgage Broker at MortgagePRO
Ltd. helping people even with hard to approve files to get the best rate first
and second mortgage custom fitted to their own circumstances. I also offer
investors mortgage investment opportunities for an exceptional return, securing
them monthly income and retire early as these investments are RRSP eligible.
You do not have to be an expert, I will guide you. I also do credit counselling
and debt elimination therapy for people interested to get their financial well
being in order to eliminate stress.